Volato | 10-Q: FY2025 Q3 Revenue: USD 381 K

Revenue: As of FY2025 Q3, the actual value is USD 381 K.

EPS: As of FY2025 Q3, the actual value is USD 1.26.

EBIT: As of FY2025 Q3, the actual value is USD -2.591 M.

Segment Revenue

• Aircraft Sales: Revenue from aircraft sales was $49.6 million for the nine months ended September 30, 2025, an increase of $11.5 million compared to the same period in 2024.
• Subscription Revenue: Subscription revenue was $1.1 million for the nine months ended September 30, 2025, an increase of $0.6 million compared to the same period in 2024.

Operational Metrics

• Net Income: Net income from continuing operations was $5.4 million for the nine months ended September 30, 2025, compared to a net loss of $14.2 million in the same period in 2024.
• Total Net Income: Total net income was $11.2 million for the nine months ended September 30, 2025, representing a $49.9 million improvement over the same period in the prior year.

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities was - $2.4 million for the nine months ended September 30, 2025.
• Net Cash Used in Investing Activities: Net cash used in investing activities was - $39 thousand for the nine months ended September 30, 2025.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities was $2.8 million for the nine months ended September 30, 2025.

Unique Metrics

• Investment in M2i: The Company recorded a loss of $40 thousand related to the change in fair value of the Investment in M2i for the three and nine months ended September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The Company plans to fund its operations through the issuance of financial instruments including debt or equity securities and revenues from operations, including from the sale of aircraft at a premium to cost.
• Non-Core Business: The Company entered into a Merger Agreement with M2i Global, Inc., which is subject to approval by the Company’s stockholders and other customary closing conditions. Upon consummation of the Merger, M2i’s stockholders will own approximately 85% of the combined company.

Priority

• Aircraft Sales: The Company expects to take delivery of an additional Gulfstream G280 in the fourth quarter of 2025, which is anticipated to contribute to revenue growth.